Bitcoin usd forecast 2016

Max, Co-Founder of Bitcoin Manchester responds: But lets strip it down to three possible scenarios. Interesting will be to follow China, Russia and India as well as Africa, as these territories have a significant potential to be a game changer.

I perceive Bitcoin as a payment method, not as an asset class, so I think it does not matter if Bitcoin price will go up, down or in circles, more importantly how many transactions will be done with Bitcoin in 12 months and how much value will be created for whole economy by it. Willett, Founder of Mastercoin responds: I expect the multi-year exponential trend-line to continue, although there are a huge number of variables which could expand the rate of growth or cause bitcoin to crash to near-zero.

The question everyone wants to know the answer to: What will Bitcoins price be in a year. I wish I could give a straight answer. I must, however, first explain my thinking. Currently the value of Bitcoin is driven mostly by speculation, due to the immense gains of the past year. This is not a long term value driver. As Bitcoin is used more in actual purchasing transactions, instead of being held for capital gains, the underlying value of the currency will increase.

Slowly speculation, on the scale it is being done today, will dwindle, and the currency will stabilize considerably. But what I can predict is merchant adoption will go viral in the next 12 months.

As big name merchants continue to implement bitcoin as a payment option more merchants will follow suite. That means more profits or more savings for customers. The adoption by merchants will help stabilize the price of bitcoin. Antony, Business Development at itBit responds: John Delono, Founder of Bitcoin Reviewer responds: Eddy Travia, Co-Founder of Seedcoin responds: The fact that you are asking me this question I think is very interesting.

Everyone benefits both in the short and long term. This seems to be spreading the currency in a very well designed way. Only time will tell how this experiment will turn out. Nikos Bentenitis, Founder of CoinSimple responds: Frederic Thenault, Founder of iceVault responds: I am not keen on encouraging speculation, and the honest truth is that nobody knows what it will be like.

Bitcoin is a wonderful technological innovation and really helps move the needle in terms of changing and modernising the financial industry, by providing a great, peer-to-peer, decentralised network not owned by any central authority. Now, it also still faces some hurdles and uncertainties regulatory, technical, security, and some other limitations , so our only recommendation would be for people to use caution and only invest an amount that they can afford losing entirely.

Aaron Williams, Founder of Atlanta Bitcoin responds: A curated list of the most interesting stories in tech Actionable guides that can help your business grow Exclusive discounts on new tools and products Leave this field empty if you're human: We have so far looked into the following: Adrian, Founder of SatoshiBet responds: It should be a year of big name business adoption. Just click on any Bitcoin statistic or graph to see the entire data history as a time series.

End of day price quotes are usually updated daily at 6: Quandl provides weighted average end-of-day price quotes and volumes for Bitcoin versus many other currencies:. Quandl provides several measures of the size and value of the Bitcoin market, including the total number of Bitcoins in circulation, the market capitalization of Bitcoin, and the number of unique Bitcoin addresses in use.

This section covers Bitcoin transaction activity data: This section covers Bitcoin transaction fees: Quandl provides basic statistics on the economics of Bitcoin mining: All of Quandl's Bitcoin price data and market statistics including full historical data is available for free via our unlimited, unrestricted Bitcoin API.

If you prefer, you can download Quandl's Bitcoin data using our free apps for Python, R, Matlab and more. You can also download Bitcoin data directly from within Excel using our free Excel add-in.

Bitcoin is a digital currency based on an open-source peer-to-peer software protocol that is independent of any central authority. Bitcoin issuance and transactions are carried out collectively by the Bitcoin network.

Bitcoin relies on cryptography to secure and validate transactions, and is thus often referred to as a "cryptocurrency". Bitcoins can be "mined" by users, and also transferred from user to user, directly via computer or smartphone without the need for any intermediary financial institution. Bitcoin transactions are pseudonymous and decentralized. Proponents of Bitcoin argue that it is not susceptible to devaluation by inflation or seigniorage in the way other modern "fiat" currencies are.

Nor is it associated with an arbitrary store of value such as gold, unlike hard-money or representative currencies.